Berkshire Hathaway Inc
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Financials : Diversified Financial Services | Large Cap Growth
Company profile

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in various business activities, including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing and retailing. Its segments include Insurance, such as GEICO, Berkshire Hathaway Primary Group and Berkshire Hathaway Reinsurance Group; Burlington Northern Santa Fe, LLC, which is engaged in the operation of the railroad system; Berkshire Hathaway Energy, which includes regulated electric and gas utility; Manufacturing, which includes manufacturers of various products, including industrial, consumer and building products; McLane Company, which is engaged in the wholesale distribution of groceries and non-food items; Service and retailing, which includes providers of various services, including shared aircraft ownership programs, aviation pilot training, electronic components distribution and various retailing businesses, including automobile dealerships and furniture leasing.

Postmarket

Last Trade
Delayed
$278.23
-0.05 (-0.02%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$278.28
Day's Change
10.76 (4.02%)
Bid
--
Ask
--
B/A Size
--
Day's High
279.67
Day's Low
268.57
Volume
(Average)
Volume:
6,452,133

10-day average volume:
6,059,299
6,452,133

Berkshire shareholders reject proposal to remove Warren Buffett as chairman

10:31 pm ET May 4, 2022 (MarketWatch)
Print

By Mike Murphy

Warren Buffett isn't going anywhere.

In a filing Wednesday with the Securities and Exchange Commission, Berkshire Hathaway Inc. (BRKA)(BRKA) disclosed that a shareholder measure that would have removed him as chairman was overwhelmingly rejected.

The proposal, which called for an independent chair, received only 54,425 votes (about 11%) to 448,868 against (89%), according to the filing. The measure from the National Legal and Policy Center -- and supported by CalPERS, the country's largest state public pension fund -- argued that there is weaker corporate governance when the same person hold the CEO and chairman titles.

Read:Dump Buffett as Berkshire's chairman? That's exactly what's wrong with so many shareholder proposals this year

Buffett, 91, became CEO of Berkshire in 1965, and has been chairman since 1970.

Three other shareholder measures, including one to require more transparency into the conglomerate's climate-related risks and opportunities, also failed by wide margins, according to the filing.

Berkshire held its annual shareholders meeting Saturday in Omaha, Neb.

-Mike Murphy

	

(END) Dow Jones Newswires

May 04, 2022 22:31 ET (02:31 GMT)

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